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The same thing happened to my 2003 ES300 - the smoke is coming from the oil seeping into the motor's cylinders. This is the classic "Oil Gelling" problem in Toyota and Lexus vehicles. There is a factory recall on it, but it only covers to 2002 ES300 not 2003. The Lexus dealer confirmed my "oil gel" problem and went to bat for me with Lexus - they got the repair approved - Thank you Mr Local Lexus Dealer! The cost was nearly $4,000 - paid for by Lexus.